Financials Adverum Biotechnologies, Inc.

Equities

ADVM

US00773U2078

Biotechnology & Medical Research

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
9.19 USD -2.13% Intraday chart for Adverum Biotechnologies, Inc. -18.96% +22.08%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 744.1 1,057 172.7 57.79 76.05 190.7 - -
Enterprise Value (EV) 1 578 626.9 -132.4 -127.8 -20.47 42 55.22 190.7
P/E ratio -11.4 x -7.86 x -1.19 x -0.37 x -0.65 x -1.7 x -1.61 x -1.54 x
Yield - - - - - - - -
Capitalization / Revenue 2,976 x - 23 x - 21.1 x - 19.1 x 12.7 x
EV / Revenue 2,312 x - -17.7 x - -5.69 x - 5.52 x 12.7 x
EV / EBITDA -8.63 x -5.51 x 0.94 x 0.85 x 0.17 x -0.38 x -0.37 x -1.2 x
EV / FCF -8.45 x -6.88 x 1.08 x 1.07 x 0.22 x -0.54 x -1.06 x -0.94 x
FCF Yield -11.8% -14.5% 92.8% 93.8% 448% -184% -94.2% -107%
Price to Book 4.22 x 2.12 x 0.55 x 0.32 x 0.91 x 1.46 x 1.8 x -
Nbr of stocks (in thousands) 6,459 9,748 9,815 9,973 10,103 20,755 - -
Reference price 2 115.2 108.4 17.60 5.795 7.528 9.190 9.190 9.190
Announcement Date 3/12/20 3/1/21 3/29/22 3/30/23 3/18/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 0.25 - 7.5 - 3.6 - 10 15
EBITDA 1 -66.97 -113.8 -141.5 -150.6 -118.3 -111 -151 -159
EBIT 1 -68.54 -118 -146.1 -157.1 -124 -116.9 -147.5 -177
Operating Margin -27,418% - -1,948.29% - -3,444.19% - -1,474.7% -1,179.94%
Earnings before Tax (EBT) 1 -64.49 -116.4 -145.5 -154.5 -118.2 -112.2 -141.4 -178.1
Net income 1 -64.49 -117.5 -145.5 -154.5 -117.2 -111.2 -142.7 -172.8
Net margin -25,794.4% - -1,940.53% - -3,254.58% - -1,427.23% -1,152.21%
EPS 2 -10.10 -13.80 -14.80 -15.60 -11.60 -5.402 -5.717 -5.978
Free Cash Flow 1 -68.42 -91.14 -123 -119.9 -91.71 -77.26 -52.01 -203.6
FCF margin -27,366.8% - -1,639.39% - -2,547.5% - -520.1% -1,357.33%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 3/12/20 3/1/21 3/29/22 3/30/23 3/18/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - - - - - - 3.6 - - - - - - - -
EBITDA 1 -37.56 -33.1 -36.71 -42.42 -39.25 -32.23 -28.65 -31.53 -33.02 -25.15 -27 -27 -28 -29 -34
EBIT 1 -38.52 -34.42 -38.13 -44.02 -41.04 -33.94 -30.24 -33.06 -34.53 -26.16 -26.95 -28.2 -29.88 -31.84 -33.88
Operating Margin - - - - - - -839.97% - - - - - - - -
Earnings before Tax (EBT) 1 -38.36 -34.41 -37.89 -43.74 -40.11 -32.72 -29.04 -31.49 -32.87 -24.85 -25.83 -26.77 -28.76 -30.81 -31.5
Net income 1 -38.36 -34.41 -37.91 -43.76 -40.13 -32.74 -29.06 -31.51 -32.88 -23.71 -25.81 -26.77 -28.51 -30.04 -32.62
Net margin - - - - - - -807.11% - - - - - - - -
EPS 2 -3.900 -3.500 -3.800 -4.400 -4.000 -3.300 -2.900 -3.100 -3.300 -2.300 -1.422 -1.316 -1.334 -1.370 -1.550
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/4/21 3/29/22 5/12/22 8/11/22 11/10/22 3/30/23 5/11/23 8/10/23 11/9/23 3/18/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 166 430 305 186 96.5 149 136 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -68.4 -91.1 -123 -120 -91.7 -77.3 -52 -204
ROE (net income / shareholders' equity) - -38.6% - - - - - -
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 27.30 51.00 32.30 18.10 8.280 6.300 5.100 -
Cash Flow per Share - - - - - - - -
Capex 1 19.2 11.8 15.1 11.8 0.81 0.8 0.7 0.6
Capex / Sales 7,698.8% - 201.64% - 22.44% - 7% 4%
Announcement Date 3/12/20 3/1/21 3/29/22 3/30/23 3/18/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
9.19 USD
Average target price
40 USD
Spread / Average Target
+335.26%
Consensus
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  4. Financials Adverum Biotechnologies, Inc.